The following transactions occur for Cardinal Music Academy during the month of October:

The following transactions occur for Cardinal Music Academy during the month of October: 5 a. Provide music lessons to students for $11,500 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,540 cash. c. Purchase musical equipment for $14,500 cash. d. Obtain a loan from a bank by signing a note for $19,000. 15 points Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue eBook View transaction list References Journal entry worksheet Provide music lessons to students for $11,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Activate Windows Go to Settinas to activate Window